Vietnam’s NextTech Group launches $10m fund to focus on early-stage deals

Photo by Mimi Thian on Unsplash

Vietnam technology company NextTech Group of Technopreneurs has launched a $10-million early-stage-focused fund that will function as a venture builder-venture capital hybrid.

Called Next100, the fund will participate in seed rounds of startups with an investment of $100,000 to $1 million, in a bid to boost the burgeoning startup ecosystem of the country and help technology entrepreneurs to carve out a path to success.

The fund will coach startup founders to raise larger rounds of capital from other local and international investors as they scale.

“Target audience for Next100 are technology startups who are digitising traditional industries, or traditional startups that are leveraging technology to increase efficiency and productivity in their respective sectors; with the common goal to disrupt or optimize traditional practices to deliver new added value ​​for society,” said Dao Minh Phu, Managing Partner of Next100, at the launch event.

Apart from Vietnam, NextTech, established in 2001, operates in 8 other markets across Southeast Asia and China within 4 major sectors including e-commerce, fintech, e-logistics and education with 15 portfolio companies.

The company claims to have nearly 2,000 staff and is currently processing an annual transaction volume of close to $3 billion.

Next100 recently announced the completion of investments in startups that include names such as VayMuon.vn (Vietnam’s P2P lending platform), Heyu.asia, (a provider of order consolidation and shipper services); and  Teky.edu.vn (a technology backed academy for kids).

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.